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NCACC
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<br />General Assembly has recognized the need for additional school construction funding
<br />- the Association's third highest legislative priority - and has pledged substantial lottery
<br />proceeds for school capital projects. Please note that the county allocation mechanism
<br />was devised solely by the General Assembly.
<br />Please find below the distribution method for the lottery's net revenues and an
<br />estimate of lottery proceeds for school construction by county. Our many thanks to the
<br />General Assembly's fiscal research staff for providing these projections Please note
<br />that the projections are based on current effective tax rates and ADM counts
<br />Net revenues (after expenses and prizes) from lottery receipts distributed as follows:
<br />1. 5 percent to lottery reserve fund until fund reaches $50 million
<br />2. Remaining net revenue distributed as follows:
<br />0 50 percent to support early grade class size reduction (1:18) and
<br />academic pre- kindergarten for at -dsk 4 year olds
<br />0 40 percent to Public School Building Capital Fund
<br />0 10 percent to fund college and university scholarships
<br />Public School Building Capital Fund lottery monies allocated as follows:
<br />1. 65 percent allocated to counties on an average daily membership (ADM) basis
<br />2. 35 percent allocated to counties whose effective tax rate is greater than the
<br />state average effective tax rate
<br />o County effective tax rate = actual county tax rate x 3 -year weighted
<br />average of county sales /assessment ratio
<br />*Allocation mechanism devised solely by General Assembly.
<br />Public School Building Capital Fund lottery monies to be used as follows:
<br />1. School construction projects, including renovation and repair
<br />2. School construction indebtedness incurred on or after Jan, 1, 2003
<br />3, No county matching funds required
<br />4, Funds cannot be used for school technology needs
<br />Distribution of Projected Lottery Proceeds for School Construction
<br />Method: 65 percent by ADM, 35 percent by ADM to counties with above State Avg
<br />Effective Tax Rate
<br />Total $161,500,000 $158,080,000 $174,860,000 $186,960,000 $196,320,000
<br />Distribution:
<br />County FY 2006 -07
<br />Alamance $1,663,971
<br />Alexander 442,361
<br />Allegheny 118,351
<br />Anson 648,387
<br />Ashe 247,051
<br />Avery 178,600
<br />Beaufort 554,810
<br />Bartle 496,864
<br />Bladen 853,781
<br />Brunswick 853,525
<br />Buncombe 2,247,910
<br />Burke 1,116,520
<br />http:// www .ncacc,org/e- newsupdates.html
<br />FY 2007 -08 FY 2008 -09 FY 2009 -10 FY 2010 -11
<br />$1,628,734 $1,801,623 $1,926,292 $2,022,730
<br />432,994
<br />478,955
<br />512,098
<br />537,736
<br />115,845
<br />128,142
<br />137,009
<br />143,868
<br />634,656
<br />702,024
<br />750,603
<br />788,181
<br />241,819
<br />267,488
<br />285,998
<br />300,316
<br />174,818
<br />193,375
<br />206,756
<br />217,107
<br />543,062
<br />600,707
<br />642,275
<br />674,430
<br />486,342
<br />537,967
<br />575,193
<br />603,990
<br />835,701
<br />924,409
<br />988,377
<br />1,037,859
<br />835,450
<br />924,132
<br />988,081
<br />1,037,548
<br />2,200,307
<br />2,433,867
<br />2,602,286
<br />2,732,568
<br />1,092,876
<br />1,208, 883
<br />1,292,536
<br />1,357,245
<br />9/2.3/2005
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